Bankruptcies

The 100-year-old pulp mill used to provide the bulk of the jobs in Port Alice. Its closure and bankruptcy have hit the village hard. (BC Hydro photo)

Abandoned Neucel mill in Port Alice to cost at least $17 million to decommission

Removing hazardous waste and de-risking the site ratchet up bill to taxpayers

 

VI Fitness was among the 90 businesses that declared bankruptcy in B.C. last year. (Black Press Media file photo)

Personal, business bankruptcies down in British Columbia

New 2019 figures were released before COVID-19 pandemic

 

Home goods retailer Pier 1 Imports Inc. said Monday that it has filed for bankruptcy protection and plans to close all Canadian stores as part of the restructuring. The Fort Worth, Texas-based company, which was founded in 1962, has been struggling with increased competition from budget-friendly online retailers such as Wayfair. This June 15, 2005, file photo shows a Pier 1 Imports store in Dallas. THE CANADIAN PRESS/AP-Donna McWilliam

Pier 1 files for bankruptcy protection amid online challenge

Pier 1 said it will pursue a sale, with a March 23 deadline to submit bids

Home goods retailer Pier 1 Imports Inc. said Monday that it has filed for bankruptcy protection and plans to close all Canadian stores as part of the restructuring. The Fort Worth, Texas-based company, which was founded in 1962, has been struggling with increased competition from budget-friendly online retailers such as Wayfair. This June 15, 2005, file photo shows a Pier 1 Imports store in Dallas. THE CANADIAN PRESS/AP-Donna McWilliam
Canadian bank notes are seen in Ottawa on Wednesday, September 6, 2017. The Office of the Superintendent of Bankruptcy says the total of number of insolvency filings grew by 9.3 per cent to 140,858 last year with consumers leading the way and business filings rising for the first time since 2001. THE CANADIAN PRESS/Adrian Wyld

Canadian consumer, business insolvency filings grew by 9% in 2019: report

More than 97 per cent of insolvency filings were by consumers

Canadian bank notes are seen in Ottawa on Wednesday, September 6, 2017. The Office of the Superintendent of Bankruptcy says the total of number of insolvency filings grew by 9.3 per cent to 140,858 last year with consumers leading the way and business filings rising for the first time since 2001. THE CANADIAN PRESS/Adrian Wyld